North Carolina Unemployment – January 2014

RALEIGH, N.C. — North Carolina’s unemployment rate continued improving in January to near the national average, falling to 6.7 percent, the state Commerce Department reported Monday.

The report was the latest to contain mixed messages about how well the state’s economy was shaping up for workers and why. While the report found the number of people employed increased by 17,407 between December and January, another survey found nonfarm payrolls recorded 7,200 fewer jobs.

While like to see the unemployment rate go down, we need to acknowledge that we are fighting serious headwinds as related to that number going down due to discouraged workers leaving the job market. But there might be reason for a positive outlook there too:

The release of the January data was delayed by about a month as researchers revised and updated previous information, an annual process. The results of the revision indicate that the steady drop in North Carolina’s unemployment rate had less to do than previously thought with discouraged workers quitting their struggle to find jobs and no longer being counted, Brod said.